Headlines
▌Poll: Trump leads Harris in most swing states
According to the RealClearPolitics report, as of local time November 5, Trump leads Harris by 2.8 percentage points in Arizona, 1.3 percentage points in Georgia, 1.2 percentage points in North Carolina, 0.6 percentage points in Nevada, and 0.4 percentage points in Pennsylvania. Harris only has an advantage over Trump in two states—leading by 0.5 percentage points in Michigan and 0.4 percentage points in Wisconsin.
▌Meme coin DMAGA rises over 100% in five minutes
Musk posted on the X platform: "Dark MAGA assembled." According to GMGN monitoring, the meme coin DMAGA on the Solana chain rose over 100% in five minutes, with a market value exceeding $18 million.
Market Trends
As of press time, according to Coingecko data:
BTC's recent trading price is $69,385.82, with a daily fluctuation of +2.3%;
ETH's recent trading price is $2,424.83, with a daily fluctuation of +1.1%;
BNB's recent trading price is $563.53, with a daily fluctuation of +1.9%;
SOL's recent trading price is $166.84, with a daily fluctuation of +5.4%;
DOGE's recent trading price is 0.1704 yuan, with a daily fluctuation of +7.4%;
XPR's recent trading price is $0.5142, with a daily fluctuation of +2.2%.
Policy
▌Apple faces its first fines related to the Digital Markets Act in the EU
According to informed sources, Apple will face its first fines related to the Digital Markets Act (DMA) in the EU. The penalties will target the company's App Store's anti-competitive practices. The cause is that Apple failed to allow app developers to direct users to make payments outside the App Store. The amount may be €1.8 billion (equivalent to $2 billion).
▌Musk plans to spend election night with Trump
Billionaire Elon Musk plans to spend election night with former President Donald Trump to participate in watching the vote count. Musk will celebrate with Trump and a few others at an event in Mar-a-Lago. As a superfan of Trump, Musk has spent over $119 million supporting his campaign.
Democrats are concerned that Musk may spread false information on social media X, affecting voters' confidence in the election.
Blockchain Applications
▌Prediction market Kalshi tops the Apple App Store free apps list, Polymarket ranks second
With the 2024 US presidential election approaching, two prediction platforms have topped the Apple App Store rankings.
According to data from app analytics platform SensorTower, the regulated prediction market platform Kalshi currently ranks first in the Apple financial app category and also ranks first among free apps. Meanwhile, Polymarket has also risen to second place in the free apps ranking. This marks the highest ranking for both applications to date.
▌SynFutures launches "Perp Launchpad" and $1 million funding program
Decentralized derivatives startup SynFutures has launched the "Perp Launchpad," the first tool platform specifically designed for creating perpetual futures markets, supporting futures trading of any asset, including meme coins. The platform is built on Ethereum Layer 2's Base and aims to provide market liquidity and risk hedging for new projects, offering passive rewards to liquidity providers. SynFutures has also launched a $1 million funding program aimed at supporting the token demand and utility of new projects, including financial support, liquidity, and marketing assistance. Since expanding to Base in July, SynFutures has accounted for more than half of the platform's derivatives trading volume.
Cryptocurrency
▌CryptoQuant: This election day's BTC selling pressure may be less than the peak in March and the same period in 2020
According to CryptoQuant, the number of Bitcoins flowing into centralized cryptocurrency trading platforms today is significantly lower than in previous US election days, which may indicate lower selling pressure around the election activity.
CryptoQuant Research Director Julio Moreno said: "Compared to the last election and early 2024, the transfer of funds to trading platforms by traders and investors seems to have less selling pressure on Bitcoin. Currently, the daily inflow of Bitcoin to trading platforms is about 45,000 Bitcoins, compared to the peak of 95,000 Bitcoins in March 2024 and 73,000 Bitcoins before the 2020 US presidential election."
Moreno added, "The relative strength of Bitcoin compared to altcoins like Ethereum indicates that investors prefer Bitcoin over other assets, especially in uncertain market conditions."
▌In the past 24 hours, over 1000 types of US election-themed meme coins have been issued on Solana
According to Dextools data, in the past 24 hours, over 1000 types of US election-themed meme coins have been issued on Solana. More than 40 tokens related to presidential candidate Donald Trump have been issued on the Ethereum blockchain.
The trading volume of earlier launched political meme coins surged, including MAGA and KAMA themed around Kamala Harris. MAGA was launched in August 2023, with its trading volume surging 27% within 24 hours, surpassing a market value of $150 million. KAMA rose by 150% on November 1. Since then, it has dropped by 50%, with a market value of $11 million.
▌CoinShares: MicroStrategy's $42 billion Bitcoin acquisition strategy carries certain risks
CoinShares stated in a research blog that MicroStrategy's ambitious plan to purchase $42 billion worth of Bitcoin (BTC) is not without risks.
CoinShares stated that whether MicroStrategy can successfully execute its Bitcoin acquisition plan depends on various factors. Analysts believe that the software company needs to "maintain favorable financing conditions and needs demand for its convertible notes." The cost of repaying debt is also rising. CoinShares pointed out that in 2021, MicroStrategy was able to raise debt through zero-interest convertible bonds, but since then, the coupon rates on these bonds have been increasing with the issuance of new bonds. CoinShares stated that the company's "Bitcoin business may have surpassed its software business" and added that cash flow from traditional operations may not be sufficient to cover future coupon payments.
▌The market value ratio of ETH to BTC has dropped to 24.52%, the lowest since April 2021
According to data from The Block, the market value ratio of ETH to BTC has fallen to 24.52%, the lowest level since April 2021, a significant drop from 32.7% in early 2024.
It is reported that this metric measures the relative market sentiment and capital flow between the two major cryptocurrency assets. This decline reflects Bitcoin's growing dominance in price performance and institutional interest, especially as investors continue to embrace cryptocurrencies through ETF products. Traditional financial companies show a clear preference for Bitcoin, with IBIT and other Bitcoin ETFs attracting significant capital inflows, while interest in Ethereum ETF products is relatively small.
Important Economic Dynamics
▌Trump Media Technology Group (DJT.O) continues to rise in after-hours trading, now up over 6.5%
After the Edison Research exit poll was released, the Trump Media Technology Group (DJT.O) continued to rise in after-hours trading, now up over 6.5%.
▌Indiana and Kentucky are the first two states to conclude voting in the presidential election.
On November 5 at 6 PM ET (November 6 at 7 AM Beijing time), except for a few congressional district areas, voting stations in Indiana and Kentucky closed one after another, becoming the first two states to end voting in the 2024 US presidential election, with counting work immediately commencing. November 5 was the official voting day for the US presidential election; due to time zone differences and various state regulations, the end times for voting on that day vary. The latest state to end voting is Alaska, which will conclude at 1 AM ET on November 6 (2 PM Beijing time). Hawaii is the second to last state to finish voting, ending at 12 AM ET on November 6 (1 PM Beijing time).
▌CNN exit polls: About three-quarters of voters have a negative view of the current state of the US
CNN exit polls show that about three-quarters of voters have a negative view of the current state of the US in this year's presidential election, with only about a quarter expressing satisfaction or excitement. Over 40% of voters feel dissatisfied, and 30% express anger. However, more than 60% of voters believe the best times for the US are still ahead, while a third think they are already in the past. President Joe Biden's approval rating is low, with only about 40% of voters approving of his job performance.
Golden Encyclopedia
▌What is the Aptos blockchain?
Aptos aims to be a fast, scalable, and reliable blockchain that supports decentralized applications (DApps) designed to accelerate the development of Web3. Avery Ching and Mo Shaikh launched the Aptos blockchain on October 12, 2022. It aims for high throughput and low latency, meaning it can process about 160,000 transactions per second and validate them in less than 1 second on average. Aptos technology natively integrates the Move language to provide these fast and secure transactions, allowing developers to write smart contracts and build DApps. Aptos provides everything needed to "build your big idea," even incorporating artificial intelligence, making it easy for both novices and experts to use Web3.
Disclaimer: As a blockchain information platform, Golden Finance's published articles are for informational reference only and do not constitute actual investment advice. Everyone should establish a correct investment concept and enhance risk awareness.
